Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Google, Meta, other tech giants slash DEI-related jobs, resource groups in 2023: Report By: FOX Business December 27, 2023 at 18:13 PM EST Tech giants, like Google and Meta, have cut over 40% of DEI jobs and have slashed their budgets for DEI employee groups by as much as 90% in 2023, according to CNBC. Tech giants, like Google and Meta, have slashed diversity, equity and inclusion (DEI) programs in 2023 despite their commitments following the 2020 Black Lives Matter protests and riots.According to data provided by job site Indeed, cited by CNBC, DEI-related job postings in 2023 have declined 44%.In November 2023, the last full month for which data was available, DEI job postings dropped 23% year over year.Layoffs at Google and Meta also included employees who held leadership roles in Black employee resource groups (ERGs), CNBC said.SOME COMPANIES REVISE DIVERSITY POLICIES AMID CONSERVATIVES' LAWSUIT THREATDevika Brij, CEO of Brij the Gap Consulting, which works with tech companies’ DEI efforts, told CNBC that some companies have cut nearly 90% of their DEI budget by midyear 2023."When George Floyd began to become the topic of conversations, companies and executives doubled down on their commitments and here we are only a couple years later, and folks are looking for opportunities to cut those teams," Brij said.Melinda Briana Epler, the founder and CEO of Empovia, said that the cuts in DEI in 2023 were "stark" compared to previous years."Whenever there is an economic downturn in tech, some of the first budgets that are cut are in DEI, but I don’t think we’ve seen such stark contrast as this year," Epler told CNBC.The layoffs come just three years following the boom in DEI initiatives that came during the Black Lives Matter protests and riots.At this time, tech companies made a commitment to the promotion of diversity and inclusion in the workplace.CONSERVATIVE GROUP CHALLENGES KELLOGG’S WORKPLACE DIVERSITY PROGRAMSIn a June 2020 letter to Google employees, CEO Sundar Pichai vocally committed to improving support for Black workers."The events of the past few weeks reflect deep structural challenges," Pichai wrote. "We’ll work closely with our Black community to develop initiatives and product ideas that support long-term solutions- and we’ll keep you updated."In a similar June 2020 letter to Meta employees, COO Sheryl Sandberg committed to having 30% more people of color, including 30% more Black people in leadership by 2025."Achieving racial justice and equity is a goal all of us share – and a goal that will take real work to achieve," Sandberg wrote.ELON MUSK SAYS ‘DEI MUST DIE,’ EXPLAINS WHYIn a statement to Fox News Digital, a Meta spokesperson said that the tech giant remains committed to their DEI initiatives."Our commitment to DEI remains at the center of who we are as a company," a Meta spokesperson said. "We continue to intentionally design equitable and fair practices to drive progress across our people, product, policy and partnerships pillars."Google and Amazon did not immediately respond to Fox News Digital's request for comment.Several tech giants have tightened their workforce in 2023 after over-hiring during the COVID-19 pandemic.Meta, Microsoft Corp., Amazon and Google-parent Alphabet Inc. have also cut thousands of jobs throughout the year.Meta, the parent of Facebook, Instagram, and WhatsApp, cut over 10,000 jobs in May 2023."As I've talked about efficiency this year, I've said that part of our work will involve removing jobs -- and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long-term vision," Meta CEO Mark Zuckerberg said.Microsoft announced in Jan. 2023 that it would cut 10,000 positions.The move, which took place at the end of the third quarter, was "in response to macroeconomic conditions and changing customer priorities," according to a filing with the Securities and Exchange Commission (SEC). GET FOX BUSINESS ON THE GO BY CLICKING HEREAmazon said in early January that it would lay off more than 18,000 employees in what would be its largest workforce reduction to date.Google parent company Alphabet Inc. announced that it cut 12,000 jobs to weather the current economy.Google CEO Pichai said the cuts affected teams globally, including recruiting and some corporate functions as well as some engineering and products teams. Fox News' Daniella Genovese contributed to this report. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Google, Meta, other tech giants slash DEI-related jobs, resource groups in 2023: Report By: FOX Business December 27, 2023 at 18:13 PM EST Tech giants, like Google and Meta, have cut over 40% of DEI jobs and have slashed their budgets for DEI employee groups by as much as 90% in 2023, according to CNBC. Tech giants, like Google and Meta, have slashed diversity, equity and inclusion (DEI) programs in 2023 despite their commitments following the 2020 Black Lives Matter protests and riots.According to data provided by job site Indeed, cited by CNBC, DEI-related job postings in 2023 have declined 44%.In November 2023, the last full month for which data was available, DEI job postings dropped 23% year over year.Layoffs at Google and Meta also included employees who held leadership roles in Black employee resource groups (ERGs), CNBC said.SOME COMPANIES REVISE DIVERSITY POLICIES AMID CONSERVATIVES' LAWSUIT THREATDevika Brij, CEO of Brij the Gap Consulting, which works with tech companies’ DEI efforts, told CNBC that some companies have cut nearly 90% of their DEI budget by midyear 2023."When George Floyd began to become the topic of conversations, companies and executives doubled down on their commitments and here we are only a couple years later, and folks are looking for opportunities to cut those teams," Brij said.Melinda Briana Epler, the founder and CEO of Empovia, said that the cuts in DEI in 2023 were "stark" compared to previous years."Whenever there is an economic downturn in tech, some of the first budgets that are cut are in DEI, but I don’t think we’ve seen such stark contrast as this year," Epler told CNBC.The layoffs come just three years following the boom in DEI initiatives that came during the Black Lives Matter protests and riots.At this time, tech companies made a commitment to the promotion of diversity and inclusion in the workplace.CONSERVATIVE GROUP CHALLENGES KELLOGG’S WORKPLACE DIVERSITY PROGRAMSIn a June 2020 letter to Google employees, CEO Sundar Pichai vocally committed to improving support for Black workers."The events of the past few weeks reflect deep structural challenges," Pichai wrote. "We’ll work closely with our Black community to develop initiatives and product ideas that support long-term solutions- and we’ll keep you updated."In a similar June 2020 letter to Meta employees, COO Sheryl Sandberg committed to having 30% more people of color, including 30% more Black people in leadership by 2025."Achieving racial justice and equity is a goal all of us share – and a goal that will take real work to achieve," Sandberg wrote.ELON MUSK SAYS ‘DEI MUST DIE,’ EXPLAINS WHYIn a statement to Fox News Digital, a Meta spokesperson said that the tech giant remains committed to their DEI initiatives."Our commitment to DEI remains at the center of who we are as a company," a Meta spokesperson said. "We continue to intentionally design equitable and fair practices to drive progress across our people, product, policy and partnerships pillars."Google and Amazon did not immediately respond to Fox News Digital's request for comment.Several tech giants have tightened their workforce in 2023 after over-hiring during the COVID-19 pandemic.Meta, Microsoft Corp., Amazon and Google-parent Alphabet Inc. have also cut thousands of jobs throughout the year.Meta, the parent of Facebook, Instagram, and WhatsApp, cut over 10,000 jobs in May 2023."As I've talked about efficiency this year, I've said that part of our work will involve removing jobs -- and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long-term vision," Meta CEO Mark Zuckerberg said.Microsoft announced in Jan. 2023 that it would cut 10,000 positions.The move, which took place at the end of the third quarter, was "in response to macroeconomic conditions and changing customer priorities," according to a filing with the Securities and Exchange Commission (SEC). GET FOX BUSINESS ON THE GO BY CLICKING HEREAmazon said in early January that it would lay off more than 18,000 employees in what would be its largest workforce reduction to date.Google parent company Alphabet Inc. announced that it cut 12,000 jobs to weather the current economy.Google CEO Pichai said the cuts affected teams globally, including recruiting and some corporate functions as well as some engineering and products teams. Fox News' Daniella Genovese contributed to this report.
